August 27, 2019
In the 35th GST Council Meeting held on 21st June 2019, Council has finally announced the process for implementation of New Return Forms. New return forms will contain basically 3 forms GST Anx – 1, GST ANX – 2 and GST Ret – 01. New return forms will be applicable from October 2019. Transition to
August 9, 2019
By virtue of Section 51 of CGST Act 2017, government has introduced the concept of Tax Deducted at Source under GST, unlike it is there under Income Tax. TDS refers to the tax which is to be deducted when the recipient of goods/ services makes some payments under contract. Intention behind this seems to be,
July 29, 2019
Housing society are non profit oriented organization, which works for its members. Housing, under GST, it is important that said societies should evaluate GST Impact on its activity.GST is not just on organization who are doing profit motive business, but it is also applicable to on association of person, charitable organization. There is one argument
July 6, 2019
Discount under GST is of the crushal part of GST system. It directly impact on the liability of GST and ITC.It is very usual and often that Supplier offers various kind of discounts to its Customer/dealer/retailer (referred as “dealer”), in order to incentives Sales, to offset for advertisement expense uncorrected, for reduction of sale price
July 3, 2019
35th GST Council Meeting was held at New Delhi on 21 June 2019 , after more than three months of longer gap. It was the 1st GST Council meeting under 2nd term of Modi Govt. and also under the chairmanship of Hon’ble Finance Minister Smt. Nirmala Sitharaman. It was one of the meeting, for press
June 5, 2019
As we know, all the registered taxpayers have to file GSTR 9 annual return for the financial year 2018-19. The last date for filing of GST Annual return in FORM GSTR-9 is 30th June 2019. Many traders and industries have raised certain queries with respect to the filing of this Annual Return which is being